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20120723
20120723
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CNBC
Jul 23, 2012 3:00pm EDT
right now that are using the euro are already in a recession. then you look at those economic super powers. such as china, brazil, india. they are slowing down. obviously we have our own domestic concerns. it is not just as simple as that. because there already a number of other land mines that are out there, that traders are worried about it. we have to wonder what's the next shoe to drop. that's why you have markets down today. >> we have been talking about that for weeks. we have been asking that same question for weeks. and yet, after a sell-off the market seems to recover as i said last week we are talking about the possibility of hitting dow 13,000 again. yet stu, you remine defensive. todd is defensive. does anybody like equities now? >> so -- yeah. we are defensive but i have to say we are also look to take advantage of lower prices if we get a pronounced sell-off. and add risk to client portfolios. we have been avoiding european risk to a great extent for 2 1/2 years now. and europe is a whole lot cheaper. yeah, they have their problems. yeah, the cycle of summit after summ
CNBC
Jul 23, 2012 4:00pm EDT
. with us today larry from barclays. ryan jacobson from wells fargo advantage funds. bob, what do you think? where do we go from here? what are we to make of today's big drop at the open? then this -- bit after comeback. >> well, what you saw today was classic tug of war between the macro economic issues of europe and in contrast with the solid fundamentals we saw on the corporate side last week. early in the day macro economic issues were ruling but we saw some resilience later in the day reflecting the solid valuations at earnings for the most part we have been seeing. >> were you a buyer or seller today? >> well, when the s&p 500 is around 1350 that's actually my target for the end of the year. i don't necessarily view this as a buying or selling opportunity. i think that it is an opportunity for people to just reallocate amongst the various sectors and in this environment i actually really like energy stocks especially those big integrated oil companies that have a lot of cash. i think investors should rationally be looking at that as an opportunity to just do a little bit of reba
Search Results 0 to 1 of about 2